S&P Global Inc. $SPGI Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 24.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,691 shares of the business services provider’s stock after selling 28,154 shares during the quarter. S&P Global accounts for 2.7% of Ownership Capital B.V.’s investment portfolio, making the stock its 17th biggest holding. Ownership Capital B.V.’s holdings in S&P Global were worth $46,766,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cheviot Value Management LLC purchased a new position in S&P Global during the first quarter worth $26,000. Costello Asset Management INC purchased a new position in S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its position in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on SPGI shares. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. BMO Capital Markets lowered their price objective on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research report on Thursday, October 16th. Evercore ISI lifted their price objective on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Mizuho lifted their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $614.23.

S&P Global Price Performance

Shares of S&P Global stock opened at $493.96 on Wednesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market capitalization of $150.80 billion, a P/E ratio of 38.00, a PEG ratio of 2.62 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average price is $511.75 and its 200 day moving average price is $515.00.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.